Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has called on global investors to seize emerging opportunities in Nigeria’s rapidly transforming oil sector. Lokpobiri said this in his keynote remark at the United States–Nigeria Council’s session on oil sector collaboration, held on the sidelines of the ongoing United …
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The Federal Government says Nigeria is currently producing about 1.745 million barrels of crude oil per day (bpd) targeting to hit two million bpd by the end of 2025. Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) said this while declaring the 2025 Nigeria Oil and Gas (NOG) Energy …
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THE Federal Government has announced plans to collaborate with the Nigerian Navy to achieve its target of 3 million barrels per day (bpd) in crude oil production by 2025. Nigeria’s current output stands at approximately 1.8 million bpd, a significant increase from the 1.4 million bpd recorded in 2023. The …
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THE Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the local upgrade of the FPSO Tamara Nanaye, a Floating Production Storage and Offloading vessel, at the Laudo yard in Apapa, Lagos, will boost the country’s oil production. The FPSO Tamara Nanaye upgrade was described as the first …
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THE Nigerian government says its encountered problems on the Trans Niger Pipeline and other maintenance activities are the reason for the drop in crude oil production in the first quarter of 2024. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this on Friday through a statement by …
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Oil & Gas expert, James Arukhe emphasizes that Nigeria needs collaboration between government and private entities, alongside strategic investments, to fulfil its domestic and international energy commitments. “Meeting these obligations requires investments in infrastructure, technology, security, environmental sustainability, and human capital,” Arukhe stated. “Policy reforms are also crucial.” He emphasizes …
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